So you’re looking to move out of the apartment and into a house…but then you realize…
“Oh crap, I’ve got a judgment on my credit report?”
So now you are asking yourself:
Can I buy a house with a Judgment on my credit report?

NO! You most definitely cannot buy a home with judgments against you. No banker or mortgage lender will approve a home loan if you have a judgment on your credit report. The reason is that the judgment could be attached to the property once you move in.

Your only option is to remove the credit report judgment before applying for a mortgage.

Two Ways to Remove a Judgment:
1. You can dispute your credit reports – Experian, Equifax, and Transunion. You have to do this on your own. If a dispute does not work, then you’ll need to look to hire a credit attorney.

2. If you hire a credit attorney, consider the Lexington credit repair program. They have a few strategies and a special loophole they use to remove judgments, liens, and public records.

The loophole involves debt validation and special dispute methods. They erased a large judgment I had for a credit card debt ($5,800+) – even after I had exhausted all of the typical do-it-yourself methods.

Once you do remove the judgment, you’ll be anxious to apply for the mortgage immediately. However, it’s very important that you shop around. There are many unscrupulous lenders out there waiting to prey on consumers with a low or average credit score.

Better yet, contact a mortgage broker you trust. We used a broker and saved money even after paying him the modest brokerage fee. Remember, even a half a point on a 30 year mortgage is equal to thousands of dollars.

Finally, I know that it’s embarrassing to talk about having bad credit and judgments against you, but it’s your reality right now. You can work through this. If you want to tell your story to a pro who’s already helped others remove judgments, dial: 1-888-585-3855 – instant helpline for removing credit report judgments.

One member believes she made a terrible mistake by closing her two credit cards that are paid off. She is worried that closing the accounts may have lowered her score. Here is her question:

I have reviewed my credit report. I have two credit cards that I m paying on every month. One has a bal. of $2,400. or so and the other is under $400.00.

In the past I had several credit cards and they all all repoted to the credit bureaus “PAID NEVER LATE” however, the cards are closed at my request. I did not want to be in over my head in credit card balances. Now I feel I need to reopn or apply for one to show on the CBR’s that I have at least one c-card open.

Ben, I keep asking for advice. I know that your advice and time is part of your business. I can not recall what your charges are? Please have one of your rep’s call me.

Ben, I have so many legal questions on if I should leave the possitive paid and closed acct’s on my report or have thim removed they are old acct’s. Then there is the issue of a tax lein I have no Idea who reported it I have to go to San Joaquin clerks office and get that information. And last but not least I’m in the process of a home modification. which for sure loweres my score.

First, let’s address whether it was a mistake to close your credit card accounts. Although the credit bureaus keep their scoring formula TOP SECRET, they have publicly stated that keeping an unsecured bank card such as a Visa or Mastercard OPEN will help improve your score.

So, my suggestion is to get an unsecured revolving credit card account. Keep the card active but the balance low. In other words, it is good practice to use the card for small purchases and pay off the balance. That way you get the benefit of the credit score improvement along with avoiding interest payments.

Second, that is scary that a lien has popped up on your credit report. A lien could have resulted from any number of things such as a tax balance or any debt where the creditor went and obtained a judgment.

Since you don’t even know where it came from, my suggestion would be to dispute the accuracy immediately. You can do this yourself, or have a law firm like lexington law take care of it for you. There are benefits to both routes, but with something as damaging as a lien, I would consider a credit repair service, which is affordable and provides great service.